IDEAS home Printed from https://ideas.repec.org/a/wly/jintdv/v12y2000i4p483-494.html
   My bibliography  Save this article

Beyond mandatory privatization: pensions policy options for developing countries

Author

Listed:
  • Roger Charlton

    (Department of Social Sciences, Glasgow Caledonian University, UK)

  • Roddy McKinnon

    (Department of Risk and Financial Services, Glasgow Caledonian University, UK)

Abstract

Consideration of the social welfare, financial system and institutional implications for DCs of the current, World Bank-led, trend towards systemic old-age pension reforms based on an expanded role for mandatory private provision indicates the desirability of reform alternatives. The wider policy lessons which DCs can take from the experiences of systemic pension reforms already enacted in developing and transition economies are found to be, at best, ambiguous and, at worst, problematic. Alternative policy proposals for DC and transition economy governments considering implementing mandatory defined contribution pension funds within parameters set largely by the Bank's 'agenda' are suggested. These envisage the retention of state provision as their primary element in order to ensure that pension systems continue to pursue their essential welfare functions. Finally, policy recommendations designed to secure universality in retirement provision on a social assistance basis are presented for those LDCs currently outwith the parameters of the systemic pension reform debate. Copyright © 2000 John Wiley & Sons, Ltd.

Suggested Citation

  • Roger Charlton & Roddy McKinnon, 2000. "Beyond mandatory privatization: pensions policy options for developing countries," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(4), pages 483-494.
  • Handle: RePEc:wly:jintdv:v:12:y:2000:i:4:p:483-494
    DOI: 10.1002/1099-1328(200005)12:4<483::AID-JID685>3.0.CO;2-N
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    References listed on IDEAS

    as
    1. Prof. Dr. Robert Holzmann, 1994. "Funded and Private Pensions for Eastern European Countries in Transition?," Public Economics 9405004, EconWPA.
    2. András Simonovits, 2000. "Partial privatization of a pension system: lessons from Hungary," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(4), pages 519-529.
    3. G. Heinrich, 1997. "Pension Reforms in Central and Eastern Europe: Yet Another Transition...?," CERT Discussion Papers 9705, Centre for Economic Reform and Transformation, Heriot Watt University.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:12:y:2000:i:4:p:483-494. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://www3.interscience.wiley.com/journal/5102/home .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.